First, the price trend
According to the sample price monitored by the business community, the toluene market rose this week. This week, the comprehensive quotation of toluene rose from 7,109 yuan / ton at the beginning of the week to 7,308 yuan / ton at the weekend, an increase of 199 yuan / ton, an increase of 2.80%. Overall, the overall toluene price of this week rose, up 36.29% year-on-year.
Second, the trend analysis
The comprehensive price of toluene rose this week. From the manufacturer’s point of view, the average price of the factory price of toluene manufacturers rose this week. The price rose from 7055 yuan/ton at the beginning of the week to 7278 yuan/ton at the weekend, up 223 yuan/ton, or 3.16%. From the point of view of dealers, the average price of toluene distribution for this week fell first and then rose. The price first fell from 7,230 yuan / ton at the beginning of the week to 7,187 yuan / ton on October 18, down 43 yuan / ton, down 0.59%, and then rose to 7367 yuan / ton on the weekend. Overall, the overall price of toluene rose this week, with a large increase.
(2) Industry chain:
Upstream market conditions: This week’s naphtha offer fell slightly. The quotation fell from 6989 yuan/ton at the beginning of the week to 6,971 yuan/ton at the weekend, down 18 yuan/ton, or 0.25%, up 43.68% year-on-year. The upstream price has fallen slightly, which has a negative impact on toluene.
Downstream market conditions: This week’s TDI distribution price was low, and the price was 22,600 yuan / ton, down 45.87% year-on-year. The PX’s ex-factory price was running at a high level this week, and the price was 11,000 yuan/ton, up 64.18% year-on-year. Overall, the downstream market has risen, downstream customers have increased their enthusiasm for the purchase of toluene, and demand for toluene has risen.
Third, the market outlook
After the adjustment in September, the market of various industries was further expanded. The demand for toluene in various refineries and refineries increased, and the downstream PX market operated at a high level. This is the main reason for the recent rise in toluene market, and domestic distributors are pricing the external price. External disk offers are on the rise. Toluene analysts of the business community believe that the price of toluene will fluctuate in late October, and the mainstream transaction price of toluene will remain around 7,300 yuan / ton.